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GST payable on transaction value of supply of partially completed flats where customers identified post 01.07.2017

August 8, 2019[2019] 108 taxmann.com 105 (AAR - KARNATAKA)
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GST : Where, applicant was engaged in construction and sale of residential apartments, seeks advance ruling on applicability of GST on partially completed flats, in respect of partially completed flats having identified customers before GST regime, the applicant is liable to pay service tax under the Finance Act, 1994 proportionate to the services provided up to 30-6-2017 and from 1-7-2017 onwards, liable to pay GST proportionate to the services provided effective from 1-7-2017, in terms of section 142(11)(b) of the CGST Act, 2017; in respect of partially completed flats, where customers are identified after implementation of GST, the applicant is liable to pay GST on the transaction value of supply and; in respect of partially completed flats, where no customers are identified the applicant is not liable to GST as no supply is involved. However, if the supply is made prior to the issuance of completion certificate then GST is liable to be paid on the transaction value of supply

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